Question: What gives money value according to Austrian theory? a. The fact that it is regulated b. The fact that it is backed by central banks

What gives money value according to Austrian theory?
a. The fact that it is regulated
b. The fact that it is backed by central banks
c. The original value of the good that became money before it emerged
d. The costs of the production of money

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ANSWER b The fact that it is backed by central banks Central banks play a crucial role in ensuring e... View full answer

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